# PPP loan: BENNETT ELECTRIC INC.
> **$252K** approved 04/11/2020 · Paid in Full · Loan `2700627101`
## Borrower
- **Name:** BENNETT ELECTRIC INC.
- **Address:** 211 REPUBLIC ST, NORWALK, OH, 44857-1157
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $214K
- **Rent:** $16K
- **Utilities:** $8K
- **Health care:** $14K
- **Jobs reported:** 20
## Lender
- **Originating:** Civista Bank
- **Servicing:** Civista Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*